Every week we provide insights into popular assets and hot questions, so you can easily learn more about the investment market in bite-sized pieces.
In this Markets in Focus we take a closer look at US president elections.
As the US presidential elections rapidly approach, we explore their potential impact on global markets.
When is the Next US Presidential Election?
The next US presidential election will take place on Tuesday, November 5, 2024. This election is not just a pivotal moment for American citizens but also for global financial markets, as the outcome can have far-reaching effects on economic policies and investor sentiment worldwide.
How Could a Harris or Trump Victory Affect Market Sentiment?
Harris Victory:
A win for Harris, with a likely continuation of Biden's policies, could maintain or even strengthen relations with international trade partners. This stability may positively influence global markets, with sectors like renewable energy and healthcare potentially benefiting.
Trump Victory:
A return to Trump’s administration might bring about shifts in trade policies, deregulation, and tax reforms, favoring sectors such as energy, finance, and manufacturing. However, such changes could introduce more market volatility due to the unpredictability of policy shifts.
How to Trade the 2024 US Election in 3 Steps:
1. Use CFDs (Contracts for Difference): Speculate on the price movements of an asset without directly owning it. CFDs allow you to go long if you expect prices to rise or short if you believe they will fall.
2. Choose Your Markets: Elections can significantly impact markets like indices, stocks, commodities, cryptocurrencies, and forex pairs. Assets such as the SP500, NASDAQ, EURUSD, and major US stocks often react to the election results.
3. Place Your Trade
We wish you success in trading during the US election season and beyond, as every market opportunity has the potential to be profitable with CFDs.
While market volatility can present new opportunities, it also increases risk. Make sure to factor this in when placing your trades.
We wish you a successful trading week on the Change App.
Until next week!
